openPR Logo
Press release

Spirulina Market to Reach USD 1.19 Billion by 2030, Growing at a CAGR of 10.6%

Spirulina Market

Spirulina Market

๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 588.93 Million in 2023, and it is expected to reach USD 1192.20 Million by 2030, exhibiting a CAGR of 10.6 % during the forecast period (2024-2030).

๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is experiencing significant growth due to its increasing popularity as a superfood, driven by rising consumer awareness of its health benefits. Rich in proteins, vitamins, and antioxidants, spirulina is widely used in dietary supplements, food and beverages, and cosmetics. The market is further fueled by the demand for plant-based nutrition and the growing interest in natural, sustainable products. As more people adopt healthier lifestyles, spirulina is becoming a key ingredient in various functional foods and wellness products worldwide.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/29894/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The growth of the ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is driven by rising consumer demand for plant-based, nutrient-rich products. Spirulina's reputation as a superfood, with its high content of proteins, vitamins, and antioxidants, has increased its popularity in dietary supplements, functional foods, and beverages. Furthermore, the shift toward natural, sustainable, and eco-friendly ingredients, combined with the increasing focus on healthy lifestyles and wellness, continues to propel the market's expansion across various industries, including food, cosmetics, and pharmaceuticals.

๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is experiencing trends driven by increasing demand for plant-based, sustainable nutrition and the growing consumer preference for natural superfoods. Innovations in product formulations, such as spirulina-infused snacks, beverages, and cosmetics, are expanding its market reach. Moreover, the rising awareness of health benefits, including its high protein and antioxidant content, has fueled demand across various sectors. Additionally, growing adoption in developing countries and increasing research into spirulina's potential health benefits are key factors shaping market growth.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/29894/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ

Vietnam and Thailand

In Vietnam, Vietnam Spirulina has merged with VegaSea Technologies to scale up its spirulina production for both domestic and international markets. Thai Union Group has also announced a strategic acquisition of local spirulina production facilities to enhance their sustainable food portfolio.

Singapore and Japan

Superlife Co. in Singapore recently acquired Hainan Green Food Co. to expand its market presence and improve product offerings. In Japan, Japan Algae Company has partnered with Euglena Co. to enhance spirulina cultivation and meet growing domestic demand.

South Korea and the USA

Seahwa Spirulina in South Korea has increased its market share by acquiring AlgaeTech to expand its bio-based product offerings. In the USA, Herbalife Nutrition has incorporated Spirulina Corporation into its portfolio, boosting its range of wellness products.

European Developments

In Europe, Solgar Inc. has acquired Microalgae Labs to expand its spirulina-based supplement product lines, while Holland & Barrett continues to increase its spirulina-based offerings across Europe.

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ

The ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ is experiencing impressive growth due to its increasing demand as a nutritious, plant-based superfood. Cyanotech Corporation and EID Parry continue to lead innovations in spirulina production. In addition, Algallifoods and Parry Nutraceuticals are expanding their global footprints with improved farming and processing techniques.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/29894/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Type

ArthrospiraPlatensis
Arthrospira Maxima

by Drug
Formulation Powder
Tablet & Capsule
Liquid
Granule & Gelling Agent

by Application

Food & beverages
Nutraceutical
Animal and Aquaculture Feed
Pharmaceutical
Veterinary
Cosmetic
Others

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐’๐ฉ๐ข๐ซ๐ฎ๐ฅ๐ข๐ง๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Sensient Technologies Corp.
2. Parry Nutraceuticals Limited
3. GNC Holdings, Inc.
4. Now Health Group Inc.
5. Naturex S.A.
6. Naturalin Bio-Resources Co., Ltd
7. GNT Holding B.V.
8. Fuqing King DnarmsaSpirulina Co., Ltd.
9. FrakenBiochem Co., Ltd.
10. Far East Bio-Tec Co., Ltd.
11. Dongtai City Spirulina Bio-Engineering Co., Ltd.
12. Dhler GmbH
13. DIC Corporation
14. DDW Inc.
15. Cyanotech Corp
16. Chr. Hansen Holding A/S
17. Cabassi & Giuriati SpA
18. Echlorial
19. Givaudan international SA
20. Yunnan Green A Biological Project Co., Ltd
21. Earthrise Nutritionals, Llc
22. Zhejiang Comp Spirulina Co., Ltd.

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-spirulina-market/29894/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข Microgrid Control System Market Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข Microgrid Control System Market Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Aviation Fuel Market https://www.maximizemarketresearch.com/market-report/global-aviation-fuel-market/97611/

โ™ฆ Elastomers Market https://www.maximizemarketresearch.com/market-report/global-elastomers-market/29748/

โ™ฆ Solid State Transformer Market https://www.maximizemarketresearch.com/market-report/global-solid-state-transformer-market/36056/

โ™ฆ Global White Cement Market https://www.maximizemarketresearch.com/market-report/global-white-cement-market/16621/

โ™ฆ Global High Performance Polymer Market https://www.maximizemarketresearch.com/market-report/global-high-performance-polymer-market/104467/

โ™ฆ Traction Elevators Market https://www.maximizemarketresearch.com/market-report/traction-elevators-market/188908/

โ™ฆ Base Oil Market https://www.maximizemarketresearch.com/market-report/global-base-oil-market/105579/

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India. โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Spirulina Market to Reach USD 1.19 Billion by 2030, Growing at a CAGR of 10.6% here

News-ID: 3774799 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Infrared LED Market Set for Rapid Growth, Reaching USD 1.64 Billion by 2032
Infrared LED Market Set for Rapid Growth, Reaching USD 1.64 Billion by 2032
Infrared LED Market size was valued at USD 749.33 Mn 2024 and is expected to reach USD 1,640.45 Mn by 2032, at a CAGR of 10.29% Infrared LED Market Overview: The infrared (IR) LED market has witnessed remarkable growth due to its critical applications across diverse industries such as consumer electronics, automotive, healthcare, and security. Infrared LEDs emit light in the infrared spectrum, enabling functionalities like remote sensing, night vision, gesture recognition,โ€ฆ
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 Million by 2032 at 10.2 % CAGR - Millet Food Forecast Signals Robust Demand
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 โ€ฆ
According to a new report by Maximize Market Research, the global Millet Based Packaged Food Market was valued at USD 47.95 million in 2024 and is projected to reach approximately USD 104.30 million by 2032, growing at a compound annual growth rate (CAGR) of 10.2 % during 2025-2032. The growth is attributed to increased consumer preference for nutritious, gluten-free and convenient foods, particularly in Asia-Pacific and North American regions. โ–บ Getโ€ฆ
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 Million by 2032 at 10.2 % CAGR - Millet Food Forecast Signals Robust Demand
Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 โ€ฆ
According to a new report by Maximize Market Research, the global Millet Based Packaged Food Market was valued at USD 47.95 million in 2024 and is projected to reach approximately USD 104.30 million by 2032, growing at a compound annual growth rate (CAGR) of 10.2 % during 2025-2032. The growth is attributed to increased consumer preference for nutritious, gluten-free and convenient foods, particularly in Asia-Pacific and North American regions. โ–บ Getโ€ฆ
Agricultural Robots Market to Soar from USD 15.67 B in 2024 to ~USD 88.15 B by 2032 at 24.1% CAGR - Driven by Precision Farming Demand
Agricultural Robots Market to Soar from USD 15.67 B in 2024 to ~USD 88.15 B by 2 โ€ฆ
According to a new report by Maximize Market Research, the global agricultural robots market was valued at USD 15.67 billion in 2024 and is projected to reach approximately USD 88.15 billion by 2032, growing at a compound annual growth rate (CAGR) of 24.1 %. The expansion reflects accelerating adoption across North America, Europe, and Asia amid rising demand for automation in farming operations. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/34593/ โ™ฆ Keyโ€ฆ

All 5 Releases


More Releases for Spirulina

Global Spirulina Industry Size, Growth, Investment 2025-2032 | NOW Foods, Prolga โ€ฆ
Spirulina Market Size reached US$ 640.56 million in 2024 and is expected to reach US$ 1,205.98 million by 2032, growing with a CAGR of 8.23% during the forecast period 2025-2032. The Spirulina Market Report by DataM Intelligence delivers comprehensive insights into key market trends, growth drivers, and emerging challenges. With a focus on providing actionable intelligence, DataM Intelligence enables businesses to make informed strategic decisions and maintain a competitive edge. Leveragingโ€ฆ
Spirulina Market Unlocking Value: Industry Insights and Spirulina Market Trends โ€ฆ
In recent years, the Spirulina Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Spirulina Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLEโ€ฆ
Organic Spirulina Market Industry Analysis, Growth Forecast 2023 to 2030 | Cyano โ€ฆ
Infinitybusinessinsights.com Shared the report "Organic Spirulina Market" which is Analysed based on various regions such as North America, Europe, Asia-Pacific & LAMEA, including different countries in each region. The report will assist reader with better understanding and decision making. In 2022, the size of the worldwide Organic Spirulina Market was estimated to be worth USD 305 million. The market is projected to continue expanding between 2023 and 2030, with a compoundโ€ฆ
Organic Spirulina Market : Comprehensive Analysis of Latest Research| Key Player โ€ฆ
Global Organic Spirulina Market Overview: The Organic Spirulina market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others. In recent years, the Organic Spirulina market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth has created bothโ€ฆ
Spirulina Market Key Players: Kapiva, Gandalf Spirulina, Vitality Products Inc., โ€ฆ
A fresh report titled โ€œSpirulina Market - By Type (Arthrospira Platensis, Arthrospira Maxima), By Application (Cosmetics, Nutraceuticals, Food & Beverage, Animal Feed, Others), By Form (Capsules, Powder and Others) By Distribution Channel (Online Stores and Offline Stores) & Global Region - Market Size, Trends, Opportunity, Forecast 2018-2024โ€ has been presented Fast.MR. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. Theโ€ฆ
Spirulina Market Dynamics-New applications of Spirulina will create a robust dem โ€ฆ
Growing awareness about nutritional benefits of spirulina serves as a key driver for the marketโ€™s growth. Scientifically proven, spirulina contains the highest amount of proteins found in any naturally-cultivated food ingredient in the world. In the years to come, spirulina will continue to be in great demand across several regions in the world. Persistence Market Researchโ€™s report, titled โ€œSpirulina Market: Global Industry Analysis and Forecast, 2016-2026,โ€ projects that North Americaโ€ฆ